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ECB expected to confirm rates on hold

ECB expected to confirm rates on hold

The European Central Bank is expected to leave interest rates unchanged Thursday and make clear that they're staying on hold for some time.
The bank's benchmark refinancing rate is at 1.5 percent following increases of a quarter point in April and July.
Economists and investors will be watching to see if bank President Jean-Claude Trichet indicates that inflation is less of a threat than the bank previously thought it was.
That would confirm expectations the bank won't need to raise rates any further to fight inflation for some time to come.


Updated : 2021-05-06 12:14 GMT+08:00